Posted inHKFP Voices

The rise and fall of a ‘patriotic investment charity’ in China

By Oiwan Lam Beijing has seen its biggest protests in recent years after the founder of Shanxinhui was arrested for running an operation similar to a pyramid or Ponzi scheme. Shanxinhui is a popular investment company that promotes itself as a “patriotic charity”. Despite the government crackdown, many of the company’s 5 million investors insist that Shanxinhui is a legitimate patriotic business. Shanxinhui, […]